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Martin's Inc. is expected to pay annual dividends of $ 3 . 0 0 , $ 3 . 5 0 and $ 4 . 0

Martin's Inc. is expected to pay annual dividends of $3.00, $3.50 and $4.00 a share over the next three years. After that, dividends are expected to increase by 3.00% annually forever. What is the current value of this stock to you if you require an 9.00% rate of return on this investment?
Question 27 options:
$79.17
$77.45
$57.43
$61.81

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